SOURCE: Grand Pacaraima Gold Corp

Grand Pacaraima Gold Corp

January 31, 2014 07:00 ET

Grand Pacaraima Gold Corp (PINKSHEETS: BITCF) (Pending Name Change to First Bitcoin Capital Corp.) Announces Appointment of Top Financial Mathematician Dr. Vyacheslav M. Abramov as Chairman of Advisory Board

VANCOUVER, BC--(Marketwired - Jan 31, 2014) - Grand Pacaraima Gold Corp (PINKSHEETS: BITCF) (pending name change to First Bitcoin Capital Corp.) is pleased to announce the appointment of leading financial mathematician Dr. Vyacheslav M. Abramov, PHD to its advisory board.

Dr. Abramov holds a PHD in mathematics from Tel Aviv University with more than 30 years of unparalleled experience as a financial statistician, software engineer, algorithm and computer database developer.

In addition to being invited to speak at several international science and technology conferences and symposiums, he has also lectured at some of the top technological institutes around the world including Swinburne University of Technology in Australia, City University of Hong Kong, the University of Melbourne, Monash University in Australia and others on topics such as time series analysis, financial mathematics, differential equations and probability and statistics.

Dr. Abramov is a published author and has written reports and reviews in many of international mathematical and statistical journals including a review on operations research and management science for the e-book "Queuing Networks: A fundamental approach."

Dr. Abramov is highly skilled in predicting financial markets and crypto-currency fluctuations and shared his opinion in the Asia Pacific Financial Markets journal with a review on "Estimation and Prediction of a Non-constant Volatility."

He also served as an associate editor for the International Journal of Statistics and Probability and he was a member of the editorial board for the Chinese Journal of Mathematics' mathematical analysis section.

"We are thrilled and honored that Dr. Abramov has agreed to join our advisory board as Chairman," the company said. "His level of mathematical financial expertise is parallel to none and we are looking forward to a long and prosperous relationship. He became involved in crypto-currency concepts and will apply his in-depth mathematical knowledge to take the company to the next level."

Dr. Abramov will also identify the direction of crypto-currency development and provide advice on the acquisition of Bitcoin start-ups and other Bitcoin-related businesses.

The company is currently in negotiations with a number of other experts in the financial field on crypto-algorithm development to come on board as advisors.

About the company:

Grand Pacaraima Gold Corp. is a developing Canadian-based mining company currently holding concessions of Gold in Venezuela and is preparing to enter the crypto-currency industry.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release includes various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations or beliefs concerning future events. Statements containing expressions such as "believes," "anticipates," "intends," or "expects," used in the Company's press releases and in Disclosure Statements and Reports filed with the Over the Counter Markets through the OTC Disclosure and News Service are intended to identify forward-looking statements. All forward-looking statements involve risks and uncertainties. Although the Company believes its expectations are based upon reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurances that actual results will not differ materially from expected results. The Company cautions that these and similar statements included in this report are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof.